Crypto banks on “death row”

The wanton killing of legit institutions...

It's not safe being labeled a "crypto-friendly" bank. Case in point... Signature Bank was a full-service commercial bank.  Only 25% of its $100 billion in assets were tied to crypto.  Anti-crypto regulators shut it down on March 12, 2023. Citing "systemic risk" and money laundering issues as some of the main reasons for the shuttering.  Ahhh... but the truth may be somewhat different. Signature Bank board member and former U.S. Rep. Barney Frank said...   "I think part of what happened was that regulators wanted to send a very strong anti-crypto message. We became the poster child because there was no insolvency based on the fundamentals." Then there's another curious development. Regulators said the bank's closure had nothing to do with crypto. Yet, according to Reuters… The FDIC has stipulated that whoever buys Signature has to shut down the bank's crypto accounts.  No matter. While all the hoopla was going on... Markets Pro alerted members to some nice winning trades like… SOMM up 62%. PROM up 45% CFX up 49% There are many more winning alerts coming too because...  Regardless of what happens... Crypto is here to stay and opportunities abound.  Here's where you can find the next big winners.  Regards, Russell DeCorte Director Markets Pro © 2023 COINTELEGRAPH MARKETS PRO COINFIDENTIAL. Copyright © 2023 Cointelegraph Markets Pro, All rights reserved. You are receiving this email because you opted in at our website. Our mailing address is: Cointelegraph Markets Pro 21 W 46th St New York, NY 10036-4119 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.